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Corporate America has been draining the world's water. Matt Damon's new campaign calls on Gap, Starbucks, and Amazon to help give it back

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Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer
Arts & EntertainmentDreamWorks Animation

The Makers of ‘Shrek’ Are Getting Into Television

By
Benjamin Snyder
Benjamin Snyder
Managing Editor
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By
Benjamin Snyder
Benjamin Snyder
Managing Editor
Down Arrow Button Icon
December 9, 2015, 4:27 PM ET
Inside Universal Studios Japan Theme Park And USJ Co. Chief Executive Officer Glenn Gumpel Interview
Visitors talk and take photographs with a Shrek character at the Universal Studios Japan, operated by USJ Co., in Osaka, Japan, on Thursday, Aug. 7, 2014. USJ is counting on its cachet turning around a failing Universal Studios theme park in Japan to win a partnership with a foreign casino operator. As the country edges nearer to legalizing gambling resorts, the company is in talks with MGM Resorts International, Caesars Entertainment Corp. and Genting Bhd. for a possible tie-up, Chief Executive Officer Glenn Gumpel said in an interview. Photographer: Noriko Hayashi/Bloomberg via Getty ImagesPhotograph by Bloomberg — Getty Images

DreamWorks Animation, the creator of Shrek, is looking to move beyond theaters and get into live-action television.

The company is starting a new division in order to find alternative ways to boost revenue, the Wall Street Journal reported.

The move comes as DreamWorks has released a series of films that failed to make a splash at the box office, according to the publication.

“There is an age when animation taps out,” Ann Daly, the DreamWorks president, said Tuesday at a media business conference, according to the Journal. It “would give us the opportunity to run from preschool all the way up to adults.”

Daly added that the investment in the new television division will be less than $10 million. Additionally, she said that DreamWorks is not planning to launch a video-on-demand service.

Fortune has reached out to DreamWorks for comment.

In April, DreamWorks partnered with fast food chain Denny’s to create an app for children looking to color during their family’s meal.

About the Author
By Benjamin SnyderManaging Editor
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Benjamin Snyder is Fortune's managing editor, leading operations for the newsroom.

Prior to rejoining Fortune, he was a managing editor at Business Insider and has worked as an editor for Bloomberg, LinkedIn and CNBC, covering leadership stories, sports business, careers and business news. He started his career as a breaking news reporter at Fortune in 2014.

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